# TWAP

*Trading & Technical Analysis — Finicade finance glossary*

TWAP splits an order evenly across a time window regardless of volume, aiming for the simple average price. It's more predictable than VWAP and therefore easier for others to detect, but it's the right choice when volume forecasts are unreliable — in illiquid names or around events where the usual intraday volume pattern won't hold.

**Also known as:** time weighted average price, TWAP algo

**Related terms:** [VWAP](https://finicade.com/glossary/vwap), [Algorithmic Trading](https://finicade.com/glossary/algorithmic-trading), [Slippage](https://finicade.com/glossary/slippage), [Transaction Cost Analysis](https://finicade.com/glossary/transaction-cost-analysis), [Order Duration](https://finicade.com/glossary/order-duration)

Source: https://finicade.com/glossary/twap